Podcast
Questions and Answers
What is the formula for computing simple interest?
What is the formula for computing simple interest?
- I = Pin (correct)
- I = P(i + n)
- I = P(i - n)
- I = P(1 + in)
Who is a lender or creditor?
Who is a lender or creditor?
- An individual who reviews loan applications
- An individual who invests money or makes funds available (correct)
- An individual who receives funds from a borrower
- An individual who owes money
What does the term 'maturity value' refer to in a loan context?
What does the term 'maturity value' refer to in a loan context?
- The total interest earned by the lender
- The total repayment amount a borrower has to pay at maturity (correct)
- The date on which money is received by the borrower
- The amount borrowed by the borrower
In compound interest, what does 'interest is computed on the accumulated past interest' mean?
In compound interest, what does 'interest is computed on the accumulated past interest' mean?
What does the formula F = P(1 + in) represent?
What does the formula F = P(1 + in) represent?
What does 'revised by Department Chair' signify in the provided text?
What does 'revised by Department Chair' signify in the provided text?
In ordinary simple interest, how many days are considered in a banker's year?
In ordinary simple interest, how many days are considered in a banker's year?
How many days are considered in exact simple interest for an ordinary year?
How many days are considered in exact simple interest for an ordinary year?
Which of the following is NOT a characteristic of leap years according to the text?
Which of the following is NOT a characteristic of leap years according to the text?
If the number of days in an interest period is 68, the formula to calculate the ordinary simple interest would be:
If the number of days in an interest period is 68, the formula to calculate the ordinary simple interest would be:
If the interest period has 50 days in a leap year, how much would be the exact simple interest using a principal amount P and interest rate I?
If the interest period has 50 days in a leap year, how much would be the exact simple interest using a principal amount P and interest rate I?
What is the nominal rate of interest for an account that compounds quarterly if the quoted rate is 12%?
What is the nominal rate of interest for an account that compounds quarterly if the quoted rate is 12%?
What is the total number of days from July 12 to September 12?
What is the total number of days from July 12 to September 12?
If a sum of ₱5,000 is deposited at a nominal rate of interest of 6% compounded semi-annually, what will it become after 2 years?
If a sum of ₱5,000 is deposited at a nominal rate of interest of 6% compounded semi-annually, what will it become after 2 years?
In the compound interest formula 𝑃 = 𝐹 / (1 + 𝑖)^𝑡, what does 𝑃 represent?
In the compound interest formula 𝑃 = 𝐹 / (1 + 𝑖)^𝑡, what does 𝑃 represent?
If an amount grows to ₱15,000 after 5 years at an interest rate of 8% compounded annually, what was the initial principal amount?
If an amount grows to ₱15,000 after 5 years at an interest rate of 8% compounded annually, what was the initial principal amount?
For an account compounding quarterly at a nominal rate of 6%, what is the interest rate per period?
For an account compounding quarterly at a nominal rate of 6%, what is the interest rate per period?
If an investment triples in value after 12 years at an annual interest rate of 10%, what was the effective annual rate of compound interest?
If an investment triples in value after 12 years at an annual interest rate of 10%, what was the effective annual rate of compound interest?
What is a potential drawback of obtaining capital through long-term loans?
What is a potential drawback of obtaining capital through long-term loans?
What factor can lead to the end of a partnership according to the text?
What factor can lead to the end of a partnership according to the text?
What usually happens when partners have almost equal shares in a business according to the text?
What usually happens when partners have almost equal shares in a business according to the text?
In case of bankruptcy, who is liable for all the liabilities of the enterprise?
In case of bankruptcy, who is liable for all the liabilities of the enterprise?
What is a key provision mentioned in a partnership contract document?
What is a key provision mentioned in a partnership contract document?
What does the accounting period provision in a partnership contract refer to?
What does the accounting period provision in a partnership contract refer to?
What does working capital refer to?
What does working capital refer to?
Which type of working capital is needed at the beginning of operations?
Which type of working capital is needed at the beginning of operations?
What is the main advantage of a sole proprietorship?
What is the main advantage of a sole proprietorship?
Who bears all the losses in a sole proprietorship?
Who bears all the losses in a sole proprietorship?
Which type of working capital is usually smaller, initial or regular?
Which type of working capital is usually smaller, initial or regular?
What is the simplest form of business organization according to the text?
What is the simplest form of business organization according to the text?
